Global Semiconductor and Electronic Parts.pdf
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1、CONTENTS Error! No text of specified style in document. August 2011 | .au | www.ibisworld.co.uk | IBISWorld Industry Report C2524-GL Global Semiconductor the growing use of electronics in home appliances, communications and automobile products; and the increasing application of electronics in gene
2、ral industry (such as in automation and control). In 2011, the Global Semiconductor and Electronic Component Manufacturing industry is expected to generate revenue of $702 billion, up 4.0% in real terms compared with estimated revenue in 2010 (all values in this report are in US dollars unless state
3、d otherwise). The industry is expected to contribute approximately $251 billion to the global economy, accounting for a forecast 0.4% of global GDP. During 2011, the industry is expected to employ 3.7 million people. Industry revenue is expected to increase at an average annualized real rate of 1.3%
4、 in the five years through 2011. Industry revenue was supported in 2007 by growing demand and sales volumes, partially offset by a decline in average unit selling prices for comparable products. However, the demand for final electronic products (such as consumer electronics, computers and automotive
5、 electronics) and industrial machinery was affected by a relatively slow global economy in the two years through 2009 - hindering demand for, and prices of, semiconductor and other electronic components. The demand for electronic products began to recover in late 2009 (promoted by restocking) and is
6、 expected to continue through into 2011. However, demand is significantly affected by global economic conditions and any significant (and unforeseen) downturn in global economic activity during 2011 would contract industry growth. Industry revenue is forecast to increase to $922 billion in 2016 and
7、grow at an average annualized real rate of 5.6% in the five years through 2016. Growth will be promoted by a strong global economy and buoyant demand for final electronic products and related components. Key External Drivers The key sensitivities affecting the performance of the Global Semiconductor
8、 growth in the global markets for PCs, tablet computers, cell phones, broadband equipment, consumer electronics and automobiles; the development of new semiconductor applications; increased semiconductor content as a percentage of total system costs; and growth in the electronic systems industry in
9、the Asian region. Sales of semiconductors have also been promoted by rising demand for electronic final products offering solutions that increase energy efficiency and security. Worldwide PC unit shipments are forecast to grow at an average annualized rate of 8.1% in the five years through 2011, whi
10、ch will also promote growth in sales of PC peripherals (such as printers, monitors and disk drives). Growth in information across communications networks will promote sales of servers and storage equipment. While there will be significant growth in global semiconductor unit sales, there will be sign
11、ificant reductions in average unit selling prices, which will affect semiconductor sales revenue and profits. The memory semiconductor market will be particularly affected by price erosion. The price for Dynamic Random Access Memory (DRAM), the main memory chips used in personal computers, decreased
12、 at a rapid rate between 2006 and mid-2009 due to over-supply and from late 2008 due to weak demand, resulting in a fall in DRAM revenue (despite rapid growth in unit sales). All DRAM producers recorded large losses in 2008 and 2009. DRAM prices increased in the second half of 2009 and into the seco
13、nd half of 2010, resulting in a large increase in DRAM revenue and profitability. DRAM prices fell for the first time in over a year in June 2010 as companies increased production and PC vendors toughened their stance on further price increases. DRAM revenue is expected to decline in 2011 due to a f
14、all in average unit selling prices. The fastest growing market for semiconductor devices is China, largely due to the growth in Chinas electronics manufacturing industries, which have grown on the back of surging export and domestic sales. Asia has recently become the largest market for cellular han
15、dsets and the second-largest market for personal computers. Asias industrial sector has also become the major manufacturer of capital equipment incorporating electronic components. The growing concentration of electronic product manufacturing in Asia (particularly in China) is affecting trade flows
16、of electronic products. Along with a shortening of customers development and production cycles, the production shift to Asia has affected decisions on the location of semiconductor production capacity. More semiconductor companies have gained a presence in China, where the demand for semiconductors
17、has grown and will continue to grow rapidly. The development of full-service wafer fabrication foundries, principally located in Asia, has resulted in an increase in investment. These foundries produce semiconductor chips through a multiple-step sequence of photographic and chemical processing steps
18、 during which electronic circuits are gradually created on a wafer made of pure semiconducting material. More semiconductor companies that design and supply chips choose to use a “fabless“ production business model, which means that these companies outsource wafer fabrication. The trend for many sem
19、iconductor designers and suppliers to choose a fabless model is primarily driven by the high cost of building a foundry, the rapid change in semiconductor technology (which can quickly make existing foundry investment obsolete) and the desire to concentrate management attention on design. In additio
20、n, many major semiconductor companies have entered into strategic alliances with other major semiconductor companies, primarily in the areas of R as the TV and desktop computer markets transition to larger panel sizes; and as the number of handheld applications proliferates. However, since 2005 aver
21、age unit selling prices for LCD panels have been falling faster than the cost of sales, and this has hurt LCD panel manufacturers profitability. Declining profitability Industry profitability is estimated to have increased in 2007 as a result of growing sales volumes and cost savings from productivi
22、ty gains and a shift of employment from high-wage countries to low-wage countries, partially offset by a decline in average unit selling prices. However, industry profitability will subside in 2008 and 2009 as a result of weakening sales, low capacity utilization, and escalating competition causing
23、an erosion in selling prices. Overall industry profitability will increase in 2010 and 2011 due to a pickup in unit sales and an expected slowing in the rate of price erosion (although this may not occur in some markets, such as the DRAM market). However, there are risks in 2011, such as from any si
24、gnificant weakening in the global economy and from any rapid increase in raw material costs. WWW.IBISWORLD.COM Global Semiconductor advances in CE product technologies, functionality and design; and growing household disposable incomes. The demand for communications products (and associated componen
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